A brief comment on the HDPE market of China Plasti

On May 21, China Plastics warehouse receipt HDPE market brief comment

I. Market Overview:

today, China Plastics HDPE warehouse receipt market opened low, with parallel shocks. HDPE index closed at 1158.88 points today, up 1.23 points from the previous trading day. In terms of transaction details, the trading volume is small, Compared with the previous day, Dai rujun, general manager of Heilongjiang Xinda enterprise group, said at the signing ceremony: "Xinda has a unique technical barrier in the field of biological assets and biological matrix composites, with a small increase. From a technical point of view, the HD daily K-line chart closed at the short negative line; the entity moved up, the five-day average rose, and was positive below the entity; the KDJ index fell, and the three lines fell separately; it was subject to overbought areas; the opening of the brin line was enlarged, and the price line was broken on the upper rail; the MACD upward trend, and the red column was slightly smaller.

second, the main force and has been in the market for a long time Variety analysis under such conditions:

today, the main warehouse receipts of hd0806 opened high at 14200 yuan/ton, and the overall price trend opened high and went low, with flat fluctuations and enlarged trading volume. The closing price was 14200 yuan/ton, and the settlement price today was 14200 yuan/ton, an increase from the previous trading day. Technically, the daily K-line closed at the short negative line, and the five-day moving average rose, trading positive below the entity; KDJ indicators are downward, and the three lines are separated from each other, all of which are controlled in overbought areas

III. comprehensive comments:

basically, WTI crude oil rose $2.02 to $129.07/barrel in New York commodity futures trading, and Brent crude oil rose $2.78 to $127.84/barrel. Metal matrix composites

the PE market in China Plastic City operates smoothly, and the overall market is basically in a stalemate. On the one hand, the resource tension is still no sign of easing. Instrument operators should carefully browse the protection and maintenance of the hydraulic universal testing machine, and the support of the upstream market is still strong. On the other hand, due to the high price constraints, it is difficult to enlarge the market demand, the downstream factories are now using and buying, and most traders operate in low positions

pe market transactions were light, and some prices fell. Although the supply of goods in the north is abundant and the supply of goods in East China is relatively small, the market atmosphere is not very good, the demand is low, and the transaction is light. Traders have different expectations for the future market, insisting on early quotation and low price delivery

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content